January 1st 2010 will see the threshold for stamp duty return to its previous level of £125,000 down from £175,000.  Whilst the reduction was widely predicted, it has been criticised widely by those in the industry. In particular, Estate Agents are now calling for new measures to help First Time Buyers.

ARLA also expressed their disappointment, claiming the minister had not included ‘any initiative that will make any difference’ to the housing market.

There may be some good news for landlords however as the lettings market may benefit from the reduced stamp duty threshold. Some in the industry are expecting to see an increase in tenant demand early next year. Andrew Sainsbury of Go Property Services said ‘those living with their parents whilst saving for a deposit for their first home may now consider renting for the medium term instead. Current tenants who had been considering a purchase are now more likely to continue renting. Both factors should see tenant demand rise when the lower threshold comes into effect.’

Free Instant Valuation

Want to know how much your home is worth? Find out in an instant...

Click here

Testimonials

  • Mark Thompson - Landlord & Vendor - May 2018

    Excellent - We cannot fault the service they have provided us.This review is for both Landlord services as well as Estate Agents.Granger and Oaks have provided us with an READ MORE

  • Martin Holtom - Tenant - June 2020

    Excellent service, nothing is too large or too small to help with. Only an email or phone call away come flood or Honey Bee nest. Friendly and helpful. Thoroughly READ MORE

  • James Steeley - Vendor - June 2019

    Excellent and courteous service for my house sale, from start to READ MORE

More

LATEST NEWS

  • Nottingham Area Letting Agent Market Update

    24/09/2020

    Nottingham Area Letting Agent Market Update   The Nottingham rental market shows no sign of slackening off despite concerns surrounding Covid 19. After an understandably quiet spring, the READ MORE

  • The Architects The Built Nottingham

    22/07/2020

    As with most cities around the country, property in Nottingham is a patchwork of eras with a broad spectrum of styles along the way. Nottingham is a historic city dating back to Norman times, and the READ MORE

  • So What Is Nottingham Famous For?

    08/07/2020

    How well do you know your Nottingham legends?  Nottingham is a growing city with a proud heritage and its fair share of famous names that you may or may not be familiar with. We wanted to take READ MORE

View all news